Page 26 - Automobile

China's Xiaomi announces smart EV business, to invest $10 bn over 10 years

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing

Top headlines today: Misty's exit valuation, auto aftermarket, and more

Here are the top business headlines on Tuesday morning

China's Great Wall Motor plans to launch hydrogen fuel-cell SUV model

Great Wall has planned eight new models under WEY marque, which it aims to compete with Toyota and Volkswagen

Automaker Skoda unlikely to drive in electric vehicle in India anytime soon

Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars

Toyota Kirloskar to hike vehicle prices from April to offset input cost

The increase is necessitated to offset the substantial increase in input costs, it added

World's biggest automakers suspend operations as chip supplies dry up

"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"

Skoda lines up new products, plans to boost sales, infrastructure in India

Skoda is looking to launch multiple products, expand its sales network and enhance local content in its cars as it aims to carve out viable business for itself in the highly competitive Indian market

Auto components maker Rolex Rings Ltd submits IPO papers with Sebi

Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale

BMW ramping up move into electric cars, vows 50% global sales by 2030

German automaker BMW said Wednesday it intends to speed its rollout of new electric cars, vowing to bring battery-powered models to 50 per cent of global sales by 2030.

Royal Enfield aims to become a $5 billion global company: Report

Royal Enfield is targeting a 10 per cent market share in mid-size bikes in the export market

Craftsman Automation IPO: Opportunities & risks to know before subscribing

Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors

Tractor sales rise by around 30% in February 2021 to 84,690 units

February 2021 sales were lower compared to January 2021 sales of 87,579 units and production of 96,020 units

Ola Electric's scooter could lead to market share loss for existing players

Ola Electric's scooter: Pricing would be critical as cost is the biggest deterrent at present

TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle

TVS Apache RTR 160 4V motorcycle comes with an advanced 159.7 cc single-cylinder, 4-valve, oil-cooled engine, that churns out 17.63 PS at 9250 RPM and 14.73 Nm torque at 7250 RPM.

Honda to sell limited batch of Legend sedan level 3 self-driving cars

Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%

The company's light commercial vehicle sales rose by 46 per cent to 5,662 units from 3,867 units in the year ago period

MG Motor sales increase over three-fold to 4,329 units in February

MG Motor India on Monday said it recorded its best-ever retail sales in February at 4,329 units

Bajaj Auto sales up 6% to 3,75,017 units in February, two-wheeler biz up 7%

Bajaj Auto on Monday reported 6 per cent rise in total sales at 3,75,017 units in February, as against 3,54,913 units in the same month last year.

Exploring possibility of exporting H'nessCB350 to global markets: HMSI

Honda Motorcycle & Scooter India (HMSI) is exploring the possibility of exporting its mid-sized premium bike H'ness CB350 to various markets across the globe even as it works to cater to the robust demand for the model in the domestic market, a senior company official said. The company rolls out the bike with over 90 per cent localisation from its Manesar (Haryana) based manufacturing facility. HMSI had introduced the bike in October 2020 and has already crossed 10,000 sales mark in February this year in the domestic market. "Since this model is already meeting the European regulations, there are many countries where this model could be exported. So we are in discussion with our headquarters. Already the model is three months old in the domestic market and there is interest from other Honda companies across the globe," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria told PTI in an interaction. Terming it "one model which is Made in India for the world", he noted that ..